2003 Minnesota Statutes

     559.215 Validating terminations of contract of sale. 

    Every termination of a contract for the conveyance of real 
 property or an interest in real property is legal and valid 
 after the expiration of the period specified in section 559.216 
 as against the following objections: 

    (1) that prior to the service of notice of termination, no 
 mortgage registration tax was paid on the contract, or an 
 insufficient registration tax was paid on the contract; 

    (2) that the notice: 

    (i) did not correctly state the amount of attorney fees; 

    (ii) failed to state or incorrectly stated the names of one 
 or more of the sellers, or the sellers' successors or assigns, 
 or incorrectly described the interest or representative capacity 
 of the person giving the notice; 

    (iii) was printed or typed in an incorrect type size; 

    (iv) incorrectly stated the number of days after service 
 that the contract will terminate, provided that the number of 
 days stated is not less than 30 days; or 

    (v) did not correctly state the two percent amount required 
 to be paid by section 559.21, subdivision 2a, clause (4); 

    (3) that the cancellation was commenced by less than all 
 sellers; or 

    (4) that in the case of a termination by publication the 
 notice was not served on all persons in possession of the real 
 estate, provided it was served on at least one of those persons. 

    HIST: 1990 c 575 s 8; 1996 c 338 art 1 s 11